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Public Goods and Externalities

In a free market, there are certain things that the government must provide that the marketplace cannot. These are called public goods, and they include things like schools, roads, parks, and many other things. These are the things that make up a nation's infrastructure. What should be a public good and what should not? What is the free rider problem? What are externalities, and are they good or bad? Let's dive into all of this! Script by Matt Beat:    / iammrbeat   Animation by Ignacio Triana:    / unraveled   Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon Mathematics Tutorials: http://bit.ly/ProfDaveMath American History Tutorials: http://bit.ly/ProfDaveAmericanHistory History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1 EMAIL► ProfessorDaveExplains@gmail.com PATREON►   / professordaveexplains   Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience! Amazon: https://amzn.to/2HtNpVH Bookshop: https://bit.ly/39cKADM Barnes and Noble: https://bit.ly/3pUjmrn Book Depository: http://bit.ly/3aOVDlT